Lahore: Hi-Tech Lubricants Ltd. has announced that its 18th Annual General Meeting (AGM) will convene on Tuesday, October 27, 2026, at 11:00 a.m. The meeting is set to take place at the Jinnah Auditorium of the Lahore Chamber of Commerce and Industry, located at 11-Shahrah-e-Aiwan-e-Tijarat, Lahore. Shareholders will also have the option to participate via video link through the Zoom application.

The meeting will cover several key agenda items under ordinary business. Shareholders will receive and deliberate on the Annual Audited Financial Statements for the fiscal year ending June 30, 2026. Additionally, the Board of Directors has proposed a final cash dividend of PKR 1.15 per share, representing 11.5%, for the year ended June 30, 2026. The appointment of auditors for the financial year 2026-27 will also be discussed, with Riaz Ahmad & Co. Chartered Accountants offering themselves for reappointment.

Special business items include resolutions to ratify transactions conducted with the Sabra Hamida Trust (SHT) and the wholly owned subsidiary, Hi-Tech Blending (Private) Limited (HTBL), for the fiscal year ending June 30, 2026. The transactions with SHT involve donations amounting to 18 million PKR. For HTBL, transactions include the sale of lubricants totaling 437,813 PKR, purchases of lubricants worth 6.95 billion PKR, petroleum product purchases amounting to 19.34 million PKR, and lease rentals paid totaling 3 million PKR.

According to information available from the Pakistan Stock Exchange (PSX), these financial and business dealings are integral to the company’s ongoing operations. The Board of Directors is also seeking authorization to approve future transactions with SHT and HTBL up to specified limits for the financial year ending June 30, 2027.

The meeting will conclude with an open floor to address any additional business with the Chair's permission.